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  3. 12th Class
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  5. Admission of a Partner

12th Class Accountancy Admission of a Partner Question Bank MCQs - Reconstitution Of a Partnership Firm : Admission of a Partner

  • question_answer
    A and B are partners sharing profits in the ratio of 7:3. They admit C a new partner. A sacrificed 1/7th share of his profit and B sacrificed 1/3rd of his share in favour of C. The new ratio will be:

    A) 3:1:1

    B) 2:1:1

    C) 2:2:1

    D) 1:1:1

    Correct Answer: A

    Solution :

    3:1:1


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